BUSINESS

EV UPSTART FISKER FILES FOR BANKRUPTCY MONTHS AFTER A CRITIC'S REVIEWS

Photo Credit: Fisker

In a disappointing turn of events, Fisker Inc., the electric vehicle startup founded by renowned automotive designer Henrik Fisker, has filed for Chapter 11 bankruptcy protection. The filing comes as the company aims to restructure its operations and potentially sell its assets, following months of challenges in ramping up production of its highly anticipated Ocean SUV.

FORD INVESTS MILLIONS IN THE REVIVAL OF THE MICHIGAN CENTRAL STATION

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Ford’s investment in Detroit’s downtown revival is a significant development for the city. The restoration of the Michigan Central Station, a landmark that had become a symbol of urban decay, represents a major step in Detroit’s ongoing transformation.

U.S. ELECTRIC VEHICLE STARTUPS NAVIGATE DEMAND SLUMP

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U.S. electric vehicle (EV) startups are grappling with declining demand due to high borrowing costs and expensive repair bills. This downturn has forced companies to pivot to cheaper models, cut back on production, and lay off employees to stay afloat.

GAMESTOP MANIA REIGNITES AS MEME STOCK LEGEND RETURNS

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GameStop stock has taken another twist, with the video game retailer's shares surging in recent days amid the return of Keith Gill, the trader who helped spark the 2021 meme stock frenzy.

BOEING 787 JETS' DELIVERY DELAYED DUE TO FUSELAGE FASTENERS ISSUE

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Boeing said on Thursday that it is examining fasteners on some undelivered 787 jets after discovering problems with their installation in the latest manufacturing shortcoming to face the company.

SHAREHOLDERS TO DETERMINE THE FATE OF MUSK'S TESLA COMPENSATION PLAN

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Tesla Inc. investors are set to vote on Thursday on a controversial compensation plan that could allow CEO Elon Musk to receive stock options valued at a staggering $56 billion over the next decade. The pay package, which was first approved by Tesla's board in 2018, has drawn scrutiny from corporate governance experts and shareholder advisory firms who view it as excessively lucrative.

INDYCAR RACES HEADING TO FOX IN LANDMARK MEDIA DEAL

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Recently, the r7ghtAmerican open-wheel racing, INDYCAR and FOX Sports have announced an exclusive media rights partnership that will bring the entire 2025 NTT INDYCAR SERIES to FOX's family of networks.

BMW DEALERS IN THE US OFFER A DISCOUNT ON THE LUXURY SUV, ‘BMW XM’

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In a bold move to invigorate sales, BMW dealers across the United States are offering a substantial discount on the high-performance hybrid SUV, the BMW XM. The vehicle, which boasts a 4.4-liter twin-turbocharged V8 engine, is now available with a $17,500 lease credit, making it an enticing option for luxury car enthusiasts.